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Politics : High Tolerance Plasticity
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To: Think4Yourself who wrote (7578)9/8/2001 12:37:53 PM
From: Sweet Ol  Read Replies (2) of 23153
 
The thrust of my remarks regarding unemployment stats is the perception of people at large. It has only been in the last few weeks that my acquaintances have begun to use the "R" word and to suggest the market is unlikely to recover soon. I see this as the first evidence of capitulation. The unemployment stats will add to this perception and may be the catalyst for the capitulation required for a bottom.

Remember, it is perception, not reality, that counts!!!

I remember 1974 and 1987 and the market did not start to move up until doom and gloom were prevalent. Some of my best gains were made when I bought when most people wouldn't touch stocks with a ten foot pole.

Best to all,

JRH
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